7/31/2023 0 Comments Se2dev setools![]() The only required arguments are the first three for interest rate, number of payments, and loan amount. The syntax for the function is PMT(rate, number_payments, loan_amount, future_value, type) Select the cell where you want to calculate the monthly payment this is where you'll insert the PMT (payment) function. ![]() Get the annual interest rate, number of payments you'd like, and total loan amount and enter these into your sheet. Related: 7 Essential Microsoft Excel Functions for Budgeting To find out in Excel, you simply need the basic loan information and a handy function. Calculate a Loan Payment in Excelįor many people, affording a new car involves knowing what the monthly payment will be. ![]() With a few simple functions and your data, you can easily get basic loan calculations in Microsoft Excel. ![]()
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